T For Trading - futures io
futures io futures trading



T For Trading


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one devdas with 1,084 posts (284 thanks)
    2. looks_two Big Mike with 7 posts (5 thanks)
    3. looks_3 Bharatiya with 6 posts (5 thanks)
    4. looks_4 DbPhoenix with 6 posts (19 thanks)
      Best Posters
    1. looks_one DbPhoenix with 3.2 thanks per post
    2. looks_two Bharatiya with 0.8 thanks per post
    3. looks_3 Big Mike with 0.7 thanks per post
    4. looks_4 devdas with 0.3 thanks per post
    1. trending_up 100,889 views
    2. thumb_up 323 thanks given
    3. group 29 followers
    1. forum 1,132 posts
    2. attach_file 799 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

T For Trading

(login for full post details)
  #301 (permalink)
PU , India
 
Experience: Intermediate
Platform: Ninja Trader
Trading: Nifty Futures
 
Mercury's Avatar
 
Posts: 51 since Aug 2010
Thanks: 148 given, 35 received

Opened and trading w/in yesterday Single Print . 5420-5440
If rotates in same zone of 5420-5440 , we can see failure near previous days High.

Attached Thumbnails
Click image for larger version

Name:	BMT.png
Views:	26
Size:	178.0 KB
ID:	86097  
Reply With Quote
The following user says Thank You to Mercury for this post:
 
(login for full post details)
  #302 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

..

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  8_22_2012-2.png
Views:	21
Size:	80.1 KB
ID:	86099  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #303 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

completed a small long....didnt spurted up.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  8_22_2012.png
Views:	28
Size:	38.2 KB
ID:	86100  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #304 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Nett result of day = +5 Pts after comm.





Rejection from yday high...perhaps make chances of revisit between zone 1 and 2....but it still can maintain bullish bias on larger structure.



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #305 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Higher opening has again stirr the situation. Watching 5436 level.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (30 Min)  8_23_2012.png
Views:	20
Size:	75.8 KB
ID:	86263  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #306 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Took a long near 5446

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #307 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Got out @ 5456.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #308 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Its logic was very simple - "what you are doing in prohibited zone ( of earlier rejected ) "

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  8_23_2012.png
Views:	24
Size:	39.3 KB
ID:	86268  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to devdas for this post:
 
(login for full post details)
  #309 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Today seems a kind of trappers day - Once day low gone and then 5436....zone 1 and 2 will be active.
Just watching.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  8_23_2012-2.png
Views:	20
Size:	39.1 KB
ID:	86269  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #310 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Nett result of day = +8 Pts after comm.


After first Long...though it was crouching up....but that was not luring me any more. At once some creek bars coupled with 2B Top in rectangle attracted attention for short...but time wise it hold me not to act.

After sell-off it has been always finding some demand to bounce off. Four step structure already running on small scale and also on large scale ( which was discussed here ) - both of them have common upper 2nd SD projection in 5470-90, which is still not achieved. Smaller four step is sort of p-shape so far, hence today's high ( 5463 ) might well fit as upper 2nd SD for it.
Overall, though it sold off , but not sufficient to turn bias down. I am interested to see how this unfold next...and how if it goes especially to zone 2. Till more information pour in, i will continue to look for long..otherwise depending upon short term momentum.









Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #311 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Have taken a short @ 5403

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (30 Min)  8_24_2012.png
Views:	26
Size:	78.5 KB
ID:	86457  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #312 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Exited @ 5392

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #313 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Change of guard.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  8_24_2012.png
Views:	28
Size:	39.3 KB
ID:	86458  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #314 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Taken a Long @ 5401.
With defined stop at short squeeze low.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #315 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Raised stop to 5398.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #316 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Exited @ 5411.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #317 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Though i dont trade according to ACD, but as concepts of IB and ACD or any thing that is valid cant be separated out.
I keep an eye ( but dont trade them ) on how the things would have been looking from other's point of view. This chart deserve to master trader of ACD - @mfbreakout , - who says dont messup with A down/up
But its own comfort level how to handle. I just use that as exit.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (3 Min)  8_24_2012.png
Views:	28
Size:	91.6 KB
ID:	86465  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #318 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Just before leaving. Was away for bath ....they exactly dumped high as they wanted

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (3 Min)  8_24_2012.png
Views:	27
Size:	90.3 KB
ID:	86466  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #319 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Nett result of day = +9+8 = +17 Pts after comm.


Ok...its now in between zone 1 and 2, and obviously there are some new development ( that is still not sufficient to say that bias has changed surely ) especially new four step. I will re-look on whole situation and will attach new information after removing old ones from chart.






Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #320 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Market is continuous.



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #321 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Any thing that fits in this situation with higher odd is a gap opening ( up or down both seems have same odds ) on monday. And that need observation how NF going to react at gap opening near/above zone 1 or near/below zone 2.
Both might come with continuation or failure so let the market decide which way it wants to go. From daily chart, i feel continuation from zone 2 to lower side , setting pullback to larger MA on daily chart cant be ruled out. This might also happen from failure from higher opening of zone 1, if underlying bais is really going to change that way.






Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #322 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Study extended back upto 1-May-2010 ( 579 Trading days ). Percentages are more or less taking shape as same.
I am interested in drop between 2 to 3.



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #323 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

This is what we understand by common sense , just mimicked by simple studies. This is made on ( and must be on time frame one use to trade ) approx 19,700 bars of 3-Min period from last year till recent. It shows what are the most common ranges of 3 min bar on NF, and associated bar overlaps. Bar Overlap in my indicator is common intercept between two consecutive bars, made by current bar on previous one. So, by this definition bar ranges of 5, can never have overlap value greater than 5, it will be always between 0 and 5. So Bar Ranges and Overlaps indirectly serves many purposes,

1) Having an idea of Volatility.
2) Having an idea of trend/chop.
3) Measure of Risk -> Stop.
4) Measure of probable target.








Below charts represent overlap associated with most common occurring bar ranges and a trend line approximation for common value. So as It goes on increasing Bar ranges , Overlap % decreases - Pretty much common behavior - Targets would be easily achieved in relatively fast and volatile condition. It is obvious from these, my most liking condition are bar ranges in between 4 to 6.



























Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to devdas for this post:
 
(login for full post details)
  #324 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Running a long since some time @ 5391.
In hindsight it is definitely a poor trade but i had to set in risk limit...and hence was not defined stop level as per smaller structure.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #325 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Got stopped near 5381.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  8_27_2012.png
Views:	25
Size:	41.0 KB
ID:	86785  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #326 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Nett result of day = -12 Pts after comm.



devdas View Post
........
Both might come with continuation or failure so let the market decide which way it wants to go. From daily chart, i feel continuation from zone 2 to lower side , setting pullback to larger MA on daily chart cant be ruled out....


It was a big mistake and big setback. Despite right assessment i didnt acted right. Though point loss was just single trade stop loss...but it is multiple times psychologically and mentally. Need some time to subsidize.






Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #327 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Just observing to remain in touch with developments.
Recent discussed four step that taken b shape, is near its destination level 5340.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  8_28_2012.png
Views:	21
Size:	90.0 KB
ID:	86869  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #328 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Completion of old four step....not necessarily mean price will reverse....but probable action forced me to took a long @ 5346.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #329 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Placed a stop at entry price.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #330 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Exited @ 5356.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #331 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

I wanted to hold it till day's high....but do not wanted to loose profit after yday loss.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #332 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Thats great........first sign of next four step.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  8_28_2012.png
Views:	25
Size:	39.2 KB
ID:	86873  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #333 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Nett result of day = +8 Pts after comm.


Though i managed to make a profitable trade despite i was not prepared for any trade....rather i was very relax that today, i have not to take any trade and this was a mental comfort that lead me to trigger itself on opportunity. But then after this i was again frowned by loos fear. Agony still was, that this trade was also a counter trend. This was the sign , i was still not believing in trend. If it would not have been there then i should not hesitated to take clear short after covering long.










Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #334 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

What i recovered on Tuesday , gave back on Wednesday. That shitty bug was still in mind.
I dont know why it was happening to me...perhaps i was little overconfidence about handling trades in every situations...its visible from some recent trade entries. Yesterday , i got a natural pause due to some work...so none of trade taken yesterday. Today, i do not wanted to repeat old "going Long" trades....but from yday action....now i even cant think of short. There is definitely a transitional state with my view towards what should i trade and how should i plan, i got some early sign what should be my sought trading methodology....which is one goal of this journal.

I took one long just at 10:57 AM.......as i never know what news are going to be out.....it spurted at 11:00 AM before i put any stop, perhaps on some news. Just a quick trade.....but it scared me also. My thinking was right and action was right...but market picture was ugly. Waited for some more candles....as premise was still valid....second long also worked as first one.

will be posting regularly after 2-3 more days of viewing everything from a far distance.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (3 Min)  8_31_2012.png
Views:	17
Size:	40.0 KB
ID:	87360   Click image for larger version

Name:	NIFTY_I (15 Min)  8_31_2012.png
Views:	19
Size:	39.5 KB
ID:	87361  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #335 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

How...ACD traders will be looking at this.

Just a noticeable thing....most of time in past....most trader of NF would have been very comfortable and trade effectively with a fix stop of 10 to 15 points. But when i see this stop as now NF running under ADR values of 50-60, it looking like 20% of ADR....

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (3 Min)  8_31_2012.png
Views:	36
Size:	97.3 KB
ID:	87362  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #336 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Wednesday 29-Aug-2012

Nett result of day = +1-13 = -12 Pts after comm.





Friday 31-Aug-2012

Nett result of day = +16+9 = +25 Pts after comm.





Though there are tens of thing which are very interesting...but marked only related to basic assessments for trades.


Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #337 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

One step above picture.
Sketched a possible early four step, with upper 2ndSd near a LTZ(Demand/Supply Change).
Is it pointing down to 5170-80 zone.....?






Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #338 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Reformatting and realigning every view.
How they look from my view.
How they look from ACD views.
How they look from opportunistic scalper and MP.

Not in hurry to take anything.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  9_3_2012.png
Views:	13
Size:	39.1 KB
ID:	87666  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #339 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Based on early buildup of range and stretching factors running from last week...i could easily assess that its its not in hurry to go any where but rotating between 10 and 21.
Ideally in this situation Long near IB low fits properly.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (3 Min)  9_3_2012.png
Views:	22
Size:	40.7 KB
ID:	87667  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #340 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Its looking ugly...but long @ 5283...with fix stop.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  9_3_2012.png
Views:	21
Size:	39.5 KB
ID:	87670  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to devdas for this post:
 
(login for full post details)
  #341 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Out @ 5298.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #342 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Neither i could think on others way...neither i can trade like.
I did what i was comfortable and confident.
I was planning to Long near IB low....but at that point i could not find any thing turning which might infuse confidence.
Rather the prices was looking like retracing down from major Supply Level ( LTZ marked yesterday ).
So it should be arrested at similar Demand level. IB low looks like week demand.



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #343 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Nett result of day = +13 Pts after comm.

I was not very objective despite clearly seeing every thing in my front. My trade again got off from main theme of day...its not hindsight now, but i was feeling it live. This started with confusion between strong opening upside conviction and tumbling delta in marked rectangle, just after opening drive.
I dont wanted to neglect former, but was also denying importance of latter being near LTZ. I am leaving this judgement as individual action...i gone with former and waited for better long opportunity. I was seeing creek jump short entry bar marked 1, being also a breakdown from rectangle. But honestly i feel , if assessment is right then these entries dont matter much...rather they delay and skew the risk reward. Thats the exact thing i did in bottom...didnt waited for creek entry for going long.

At the EOD, when i see this chart from ACD perspective, it make sense how this day turned down with successful A Down ( Note : right now i have no idea how to set A/C values for NF in this volatility regime ) and more importantly how ACD Entry Odds rectangle is used in conjunction to whatever has been evolved till that point. Mind it, its hindsight EOD observation.





Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #344 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

On lower participation visible on FP....having a long @ 5270...with days low as stop.
thinking to quit at 5286....or before if structure calls.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  9_4_2012.png
Views:	32
Size:	39.2 KB
ID:	87739  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #345 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

scratched @ 5273.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  9_4_2012.png
Views:	14
Size:	37.8 KB
ID:	87744  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #346 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Took a Short @ 5267.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #347 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

I acted on my understanding......leaving it on market with stop near 5281...its big stop.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #348 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Reducing my stop @ 5272.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #349 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

scratched @ 5266.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  9_4_2012.png
Views:	23
Size:	37.7 KB
ID:	87749  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #350 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Nett Result of day = +1-1 = 0 pts after comm.

I was better objective today. Not detailing everything....but in summary three zone marked 1 , 2 and 3 were responsible for today's trade action. It was only the call of whether to "Continue" through three day balance low ( and a demand level marked on daily chart ) or get "reversed" for another rotation leg.










Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (3 Min)  9_4_2012.png
Views:	20
Size:	83.5 KB
ID:	87804   Click image for larger version

Name:	NIFTY_I (30 Min)  9_4_2012.png
Views:	15
Size:	54.1 KB
ID:	87805   Click image for larger version

Name:	NF ##-## (Daily)  2_14_2012 - 9_4_2012.png
Views:	17
Size:	72.9 KB
ID:	87806  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #351 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

No different than yesterday...but still some diffeences.
took a short @ 5272.
Only two actions stop - Day's high
Target - 5251.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  9_5_2012.png
Views:	20
Size:	83.0 KB
ID:	87847  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #352 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Nett result of day = +19 Pts after comm.


I was confident enough and also fully objective in each Stop, Target and Context.
Logic was very simple and illustrated - "why you returned to won battlefield again ? "






Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #353 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

I cant yet say, whether this four step is developing like b-shape or standard bell shape.
If its former than not much downside from here, if its standard bell then 5170-80 zone well coincides with lower
D/S Zone as marked on daily chart.



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #354 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Decided to be in observation mode today.
Its very tiny...but throws a possibility of small long at this time.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  9_6_2012.png
Views:	17
Size:	37.9 KB
ID:	87989  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #355 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Got a long @5244.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #356 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Placed a stop @ 5241

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #357 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

scratched @ 5244.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #358 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Though stop not hit and structure intact...but was in doubtful situation..so quit.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  9_6_2012.png
Views:	15
Size:	38.0 KB
ID:	87995  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #359 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Cunning and ugly too...
Should i see a action like rejection from LTZ , that satisfy everything....

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  9_6_2012.png
Views:	16
Size:	37.8 KB
ID:	87997   Click image for larger version

Name:	NIFTY_I (30 Min)  9_6_2012.png
Views:	24
Size:	54.3 KB
ID:	87998  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #360 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Extreme choppy...just 15 Point range and 3 hour gone.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	choppy.png
Views:	20
Size:	83.5 KB
ID:	88004  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #361 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Neither structure failed...nor stop hit....only failure was "I".....

Nice experience of day.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  9_6_2012.png
Views:	26
Size:	37.8 KB
ID:	88007  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #362 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Nett result of day = -2 Pts after comm.






Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to devdas for this post:
 
(login for full post details)
  #363 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Taking a break from regular posting, mainly to read back and review my three month old journal for self feedback...though i had expected members feedback more valuable. In this short span, i definitely learned something that most valuable for me , don't know about others. I got many clues about my weaknesses and strengths during this and have got glimpse of my future trading methodology.

Hope you have enjoyed, will continue after a break.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to devdas for this post:
 
(login for full post details)
  #364 (permalink)
Site Administrator,
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,317 since Jun 2009
Thanks: 32,007 given, 96,497 received


devdas View Post
Taking a break from regular posting, mainly to read back and review my three month old journal for self feedback...though i had expected members feedback more valuable. In this short span, i definitely learned something that most valuable for me , don't know about others. I got many clues about my weaknesses and strengths during this and have got glimpse of my future trading methodology.

Hope you have enjoyed, will continue after a break.

Journal is first and foremost for yourself. I am glad to see you will review your posts. I believe it will be an eye opening experience, and you should learn a lot about yourself, strengths and weaknesses, and give you a good idea of how to move forward.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #365 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

To maintain consistency of background context, so it should not feel "gap" after resuming normal posting,
will post in weekend or if something when it need a look.









Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #366 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Daily and Weekly
Though i do not trade Options now, especially my favorite writing, but i guess next week to have a dozy type development in strong
supply level before any next decisive move...so it can be exploit to eat premium.





Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #367 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Possible stopping point and lower 2nd SD.
this development might take shape of p instead of standard bell, given the old excess and context.


Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #368 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

I like to detail a bit about my today's session execution. This is important for me as i am seeing these with improved approach that i came to experience during my look-back to journal activity. This, i am also posting as a check point for future reference.

Its late start and very small duration with one loosing Long.

Entry Decision Points :

a) With breach of prior low it had made day range in excess of 72 points.
b) FP showed sign of responsive activity in G1. ( Trade was entered in G1 itself )
c) Some references like PW-high, 2-Day combine VWAP and yday TPO VAH.

Stop :
Fixed stop of 10 points used.

Exit Decision Points :
None of exit decision points considered.

It was a simple trade for me, not emphasizing a single bit on PnL, what i want to point myself are

1) Thinking and taking a Long was in counter trend nature of day trend and despite clear down opening drive.

2) How i passed a creek short entry at bar marked 2. It was a normal decision in visible limited scope of further expanding the day range to down side. My evaluation of this was not "high probable"..."its just normal situation"...i said to myself.

3) Friday and today session were recording much greater range than ADR[5] and ADR[20], this factor was really
overlooked and i think the reason of stop out. When volatility is inching up then 10 point stop is useless. And that proved.

4) Should then a stop greater than 10 point was sufficient to prevent this ? - this is only one sided evaluation based on volatility. Actually here comes need of Exit Decision Points which would have better handled issue of stop also.

5) This entry turned like fade and early - nothing wrong in this - but again it need to see momentum would have easily delay the reversal. These fade entries have performed better in low volatility regime which has been one week ago. Better execution was then creek bar entry which took momentum on its side and better suited to this changing regime.








Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #369 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

A gap down was imminent after political turmoil and yesterday holiday. Only was to visualize where it is most likely to open and if that level has potential to sustain. It opened near lower 2nd SD of running p shape development so far...little poised to sustain and provide a Long trade with higher odds of success locally.






Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #370 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Just a bit short of significant Demand/Supply inflection.... quitting....got much more than my target.



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #371 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

I have been in process of formulating my trading plan over last fortnight..and its fact it is not an easy task..takes huge time and labor...perhaps never ending process....keep on always refining and defining things as they evolve. I was reading "Trading Rules that Work" by Alan Jankovsky...im just in fisrt quarter of book...but had x-rayed once before actual read. Unanimously most would agree that trading ( could be ) as simple as positioning to right side of net Order Flow....and the author too emphasize numerous times on it. But this might not be easy....if it would have been so easy like learning A, B ... C...then every one would have positioned themselves so.

One more point from there , i am trying to incorporate - What is justified and whats not. Simply put trades taken under defined trading plan are justified and even those which were profitable but not according to trading plan are best considered unjustified. No doubt those trade ( PnL doesn't matter ) could be defined by some one "other's" plan.
But as a trader i cant deny the "Other's" plan..especially if trades falling under that closely relate to mine.
Just a bit of tweak - If emphasis is on positioning along with nett Order Flow and quit when its not. And often what's going to happen next with "Opposite" Order Flow can be well defined in other's Trading Plan. So why not i incorporate that too as an opportunity.

Perhaps i might be mixing thin line between Trading System and Trading Plan at this time but hope soon i can clearly distinguish what should be justified under my trading plan and what should be avoided even if it seems with higher odds. Just like this Short opportunity after successful Long.






Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #372 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Overshoot phenomenon over SP is common...its still in developing stage as p shape ( with larger structure).
Mini SP point is naturally obvious for smaller structure which evolving as standard bell.
TPO stacking from Friday B period was important.
When i started today it was just in middle of bell...had to go towards one side.
Short taken first in B2 cell had to scratch...i had expectations of going and testing lowers 2ndSD around 5671.
But its simply stalled...had to follow what price is doing...and took long...didnt waited for too much this time....balance activity combined with opening rejection...every thing self evolving.



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #373 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

This day was as best ever fruits of labor...for indulging in journal activity. Its not so that PnL was concerned...its much bigger than that....i cant express how i am feeling ( perhaps not greedy by today's result ) right now....but i was seeing every flow of market and its doing what i was thinking. My actions are according to some repeating , perpetual phenomenon of general four step development..which helps me to retrieve higher odds events and utilize natural bar by bar development according to that. Root logic is simple - one has to understand when market is poised for balancing and trending.

Little late recognize of OTD ( Open Test Drive )...but its ok...what was important to realize where it would be heading after that - right at lower 2ndSD. That was the basis of Short.
Time consumption ( marked in rectangle ) was important in lower 2nd SD. Its standard implication are that , more weakness to come in. But it might be also sign of End Of Auction...and start of new development. So was not in hurry to sell again.....rather i could perceived whether next auction is up or down it can be tracked by a simple moving average...dont bother to predict which way to go. A dip below previous low and making an excess like structure was sufficient to give hint of actually EOA and start new one. Took Long for target of day's VWAP.






Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to devdas for this post:
 
(login for full post details)
  #374 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Snapping yesterday's ( 1 and 2 ) and today's ( 3) trades. These locations are marked on 15-min chart.

26-Sep-12 : It turned a small loosing day. I was little aggressive, at trades location 1, though there were factors that make the situation 50:50 to any side and also not a good reference level to initiate a short but i finally sorted these to perceive as continuation to down side. Structure at A was not good for this, but it was still in downslope so waited till it finally turned up. I was already aware of this being not a good location for short....structure wise it should have been with pullback. 2nd short at location 2 was taken with this in mind, but structure at B eluded my vision and forced me to quit premature.





27-Sep-12 : I was aware of single opening tick at 5700...which was making a fake impression of sell-open-drive. Rather i was fully confident of this as a movement in restricted zone and a buy opportunity.







Today being Sep expiry, and Oct contract is already last traded with 40 point premium to Sep closing..so a natural gap might be visible during tomorrow opening. I am interested to see...if today's last move is really a expiry driven move to 5650 and value will be maintained higher with higher prices of Oct series or Oct prices will be taken down.



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #375 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

When i see this value driven move...there is no visible separation of Expiry from 27 Sep to 28 Sep....
And no reason to fade the opening...it was just a clear buy



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #376 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

28-Sep-12 :

In first long trade , i was full confident....had not expected such fast move in just four bar including entry bar.
It was a situation like "Act first think later"
I had secured a location for second trade in my mind - i had to take it on VWAP test...otherwise not. Over waiting diminished attractiveness towards it when it really came...i was not much confident. Another reason was demand zone which had been signified by propulsion of Bar "A"....it looks me gravitating price anytime, making my perceived importance of VWAP test random. Another expectation grafted from first trade was, second should also move fast.
Just waited for 3-4 bars, nothing boosted my confidence and so scratched.






Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #377 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received





Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to devdas for this post:
 
(login for full post details)
  #378 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

An excerpts from Tools and Tactics for the Master Day Trader



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #379 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

I think bears wanted better price to sell....or something else...still rotating.
Indecision for me....either sell Low of day now....or buy above first supply zone now.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  10_1_2012.png
Views:	21
Size:	40.1 KB
ID:	90725  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #380 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

This was really not easy... neither simple...but i could not left excusing its non trending. This was a day which i do not wanted to miss after understanding my trade plan. Had a small losing short in opening...which cautious enough me that its not easy today to garner this. Finally could derive some plus points with long.


Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #381 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

01 Oct - 2012 : First short was taken as for continuation of down trend , being developing below yday 's demand/supply inflection zone. With time consumption in 2nd SD zone, this was natural to take that action. But it didnt worked and had to quit with local heavy buy side delta.
It hinted its doing something else, but didnt appeared very good for long either. There was very slow rise in channel but i was not considering it worth ... neither that is a decision element in my plan. Long taken after a short squeeze prompt and again buy side delta. Though i had decided to long on clear penetration of yday demand/supply inflection zone...but it was my discretion and to put trade in relation to squeeze low so that it do not fall beyond max risk.









Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #382 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Stuck between two....little indecision...tough to have Long...but holding with larger bias.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (30 Min)  10_3_2012.png
Views:	19
Size:	32.9 KB
ID:	90944  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #383 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Out from Long.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  10_3_2012.png
Views:	26
Size:	36.5 KB
ID:	90945  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #384 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Completed a high probable short - just sell low and buy even lower low....

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #385 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

03-Oct-2012 : Both trade taken as per perceived context, but i took trades with little confirmations ( delay) and obviously with some momentum on trade side. First long was taken with larger bias risking against down opening. At location A, i was waiting price to test LTZ around 5742 , that would have also make a good pullback on 15-min. But acted on reverse. Exit of long was purely opportunistic , coinciding with Friday high.

Now for second trade i was not in hurry to act. I could easily recognize the four step development after it retraced much from day's high. This was not the case at the time of Creek Jump bar entry...rather it could only be said ( after consolidation at B completes) with some reasonable sign that its four step development and current move is most probably heading for lower 2nd SD after reversing from upper 2ndSD. I had already LTZ as a reference level ( which is from dissipative profile of 1st Oct ) that was potentially the target this time. Hence short taken.

There is a finer point - if Creek Jump Bar entry was used for entering short then its outcome would have been solely attributed to momentum alone. I understood my all previous Creek Jump entries in past that were successful just because of momentum - just a 50:50 coin toss. But this short was not on that, its just on context.

Momentum dont architect context , rather its context that architects momentum - Lesson learned.








There are many nested four steps with their own hierarchy.


Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #386 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

I didnt followed my plan, to being present within 15 min of opening- was sleeping and came late.
Its on multi month high and hooking targets of some nested four step development.
For me now, after it has completed 100% of ADR[5], is just observe. Move in direction of trend now may come late...no idea,...might be big trend...no idea, might be reversal--perhaps wont take in this today's context.
But definitely costed me of being not following simple rule.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (30 Min)  10_4_2012.png
Views:	28
Size:	72.8 KB
ID:	91065  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #387 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Just a bit of rotation here n thr..VWAP test didnt infuse anything enthusiastic.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  10_4_2012.png
Views:	28
Size:	111.5 KB
ID:	91067  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #388 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

I could dig two levels where i think to act - 5810 and 5792. Former is most probable to test....latter seems far for.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #389 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Its up 16 Points from VWAP test....i missed this too...seems im not in sync today.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (3 Min)  10_4_2012.png
Views:	22
Size:	38.1 KB
ID:	91071  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #390 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Correct hierarchy in adoption

1) Being comfortable(With Market Structure) and following Trading Plan.

2) Not Being comfortable( With Market Structure ) but forcefully following Trading Plan.

3) Being Comfortable ( With Market Structure ) but not following Trading Plan.


I failed today on 2nd.



Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #391 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

04-Oct-2012 : No trade taken. This day was easy, but little self rigidity put me on back foot. I see how similar this day was in comparison to 28-Sep ( Here )...mostly same in first half, just a bit difference after demand zone test. That day demand zone was very prompt and visible but today demand zone ( 5810 ) was not so prompt on 3-min chart ( i digged it in other way ). I wonder how exactly those trades of 28-Sep fits on today's chart in my trading time duration.
Apart from mistake of being rigid , another visualization mistake i did was expecting the structure of Location B at Location A....if B would have happened at A, it would not have been the day it happened. Just species of different regime.









Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #392 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

When it start the day like this....then certainly no logic works....and no "why" will work...its just "what".
Will try to follow momentum for next possible entry.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (30 Min)  10_5_2012.png
Views:	32
Size:	70.7 KB
ID:	91161  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #393 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Holding a long around 5760. My obvious counter intuitive action.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #394 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

It smashed my stop. Turns out a silly mistake due to feeling of miss out the meat.
A trade different from plan...whim trade.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (3 Min)  10_5_2012.png
Views:	18
Size:	34.8 KB
ID:	91163  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #395 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

took another long @ 5755.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #396 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Eixted @ 5779.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #397 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

This fits on 3rd category - Being Comfortable ( With Market structure ) but not following Trading Plan.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #398 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received

Still a potential to go easily upto 5786-90.

Harvest The Moon
Nest The Market
Attached Thumbnails
Click image for larger version

Name:	NIFTY_I (15 Min)  10_5_2012.png
Views:	27
Size:	40.5 KB
ID:	91170  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #399 (permalink)
ND, India
 
 
Posts: 47 since Feb 2010
Thanks: 284 given, 47 received

Nice trades DevD

Have you tried BANKNIFTY same leverage ,positive correlation to nifty .......good volume & nice volatility.
It is good with nifty trading when there are no clear setups in NIFTY .

Reply With Quote
The following user says Thank You to Bharatiya for this post:
 
(login for full post details)
  #400 (permalink)
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: RKG
Trading: NiftyFuture
 
devdas's Avatar
 
Posts: 1,562 since Feb 2010
Thanks: 1,502 given, 1,701 received


Bharatiya View Post
Nice trades DevD

Have you tried BANKNIFTY same leverage ,positive correlation to nifty .......good volume & nice volatility.
It is good with nifty trading when there are no clear setups in NIFTY .

Yes...many of my trader friend said the same. But i have adapt to trade NF from beginning. So never felt to change or try some other instrument. Though will see in BNF in future.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > T For Trading


Last Updated on August 17, 2016


Upcoming Webinars and Events
 

Journal Challenge!

February
 

Battlestations!

March
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts